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Dismal Science Meets Dismal Subject: The (Mal)Practice Of Nuclear Power Economics, Charles Komanoff

New England Journal of Public Policy

Electric utilities, reactor designers and builders, and the federal government have badly underestimated the costs of new nuclear power plants over the past fifteen years. Although not all of the increases were readily predictable, particularly those caused by rapid general inflation, nuclear advocates failed to foresee most of the sixfold growth in real costs resulting from new reactors' greater complexity, scope, and regulatory surveillance.

This review recounts the methods used by nuclear power proponents to convince policymakers, the public, and themselves that new nuclear plants would be competitive with other energy sources, long after conclusive contrary evidence was available. It …

The New England Economic Revitalization And Future Research Priorities, James M. Howell

New England Journal of Public Policy

New England's recent economic revitalization is largely attributed to the region's success in technological innovation and adaptation. This capacity to supplant older, maturing technologies with new technologies — a willingness to continually shed the old to make room for the new — has been a characteristic of New England since the early nineteenth century. At that time, as today, the critical factors in the process of technological development were the presence of investment capital, skilled labor, entrepreneurs, and, above all, preeminent colleges and universities that foster unconventional thinking and risk-taking. While the region's economy should continue to benefit from these …

Seabrook: A Case Study In Mismanagement, Irvin C. Bupp

New England Journal of Public Policy

The Seabrook nuclear power plant construction project is an unqualified financial disaster. It simultaneously threatens its chief owner, the Public Service Co. of New Hampshire (PSNH) with bankruptcy and the company's electricity customers with huge rate increases. The fifteen-year history of the project is reviewed to identify "what went wrong?"

The review suggests that the basic problem has been mismanagement by both PSNH and by government regulators. A three-year regulatory imbroglio over the environmental effects of the plant's cooling system was extremely costly in the mid-1970s.

By the time this problem was belatedly resolved, the project had begun to outstrip …

Editor's Note, Padraig O'Malley

New England Journal of Public Policy

Over the years, public policy issues have proliferated, and with proliferation has come the inevitable specialization. The result: fragmentation of effort and problems of communication not only between those who make policy and those who implement it, but between practitioners in general and the academic and research disciplines that complement them. Public policy constituencies have created their own languages, but too often the result is a confusion of tongues rather than a profusion of ideas.

The New England Journal of Public Policy is designed to create a profusion of ideas by providing a medium for practitioners, policy analysts, and academics …

The Demography Of New England: Policy Issues For The Balance Of This Century, George S. Masnick

New England Journal of Public Policy

New England's rapidly aging population, its traditionally low fertility rate, and the fact that net migration from other regions and abroad should continue to be close to zero means that only very slow population growth will characterize the region for the balance of this century. Nevertheless, New England's demographic metabolism is exceptionally dynamic: (1) the numbers of different age groups are growing at very different rates; (2) a redistribution of population is occurring from the southern to northern tier states; (3) within each state population is dispersing into non-metropolitan areas; and (4) metropolitan areas, both central and suburban, are quickly …

Public Education In Boston, Joseph M. Cronin

New England Journal of Public Policy

Historically, Boston schools have been a source of pride and educational innovation, yet they have also been fraught with problems that are typical of urban education. Both the success achieved and the problems encountered in Boston schools bear analysis. In looking at such areas as overall quality of education, funding, and compliance with federal guidelines, specific recommendations for the future of public education in Boston can be offered. In addition, the impact of Boston's success or failure in implementing new ideas through the school committee and the mayor is not limited to the city itself. This article' s outlining of …